Barclay Auto CLI ??

[Anonymous]

I'm curious how CC companies decide whether to give auto CLI's and for how much? I started rebuilding my credit January 2013. My first card was First Premier Bank with 300 cl. As it turns out I didn't need to start with FPB. My credit wasn't as bad as I thought since most negative items had rolled off. The next month I opened a Barclay rewards mastercard with a 750 limit. I used that card for every purchase I possibly could. Gas utilities etc. I charged it up and paid it off several times a month. Roughly 6 monthas later my limit was increased to 2,050 dollars. About the same time I opened a Kay Jewelers card and was given a 6,000 dollar limit. I used it to but my wife diamond earrings and paid it down at 300/month to a zero balance and it has stayed there since. The following December I opened an Amex green card and a Barclay NFL card which I was instantly approved for 3,500. I figured my other Barclay would match that limit and in February 2014 I asked for a 1,500 dollar CLI (automated from the web site) but was given 1,020 for a total limit of 3,070. I really thought those numbers seemed odd. The next month i opened a Care Credit account with a 5,000 dollar limit. That month I also took an auto loan on a used car. My payment is 305 but I always pay 400. About two months ago both my Barclay Cards gave me an auto increase of 2,980 and 3,000 to 6,050 and 6,500.  I opened a Chase Freedom about a month later and was given an instant approval for 3,000 last month.  A little over a month after the auto CLI's. I am trying to refrain from opening any new accounts for a while now. The main cards I have used have been my two Barclay cards. In fact I use them rather heavily. I am curious if that heavy use is what caused them to increase me? I keep very low utilization also. Besides the months I paid down the Kays card and surgery I put on the Care Credit card (the main reason I opened it) I never hold a balance. I pay all my cards down right before their closing date. I would like an auto increase from Chase down the road but I hear they don't give out auto increases easily. If that's the case maybe I should continue using my Barclay cards if it will lead to more increases from them. I make okay money but nothing special. If I run a lot of money through my Chase card there wont't be a lot left to run through Barclays. I spend very little with my Amex green since obviously I'll never get an increase on that card. 

[FinStar]

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@Anonymous wrote:

I'm curious how CC companies decide whether to give auto CLI's and for how much? I started rebuilding my credit January 2013. My first card was First Premier Bank with 300 cl. As it turns out I didn't need to start with FPB. My credit wasn't as bad as I thought since most negative items had rolled off. The next month I opened a Barclay rewards mastercard with a 750 limit. I used that card for every purchase I possibly could. Gas utilities etc. I charged it up and paid it off several times a month. Roughly 6 monthas later my limit was increased to 2,050 dollars. About the same time I opened a Kay Jewelers card and was given a 6,000 dollar limit. I used it to but my wife diamond earrings and paid it down at 300/month to a zero balance and it has stayed there since. The following December I opened an Amex green card and a Barclay NFL card which I was instantly approved for 3,500. I figured my other Barclay would match that limit and in February 2014 I asked for a 1,500 dollar CLI (automated from the web site) but was given 1,020 for a total limit of 3,070. I really thought those numbers seemed odd. The next month i opened a Care Credit account with a 5,000 dollar limit. That month I also took an auto loan on a used car. My payment is 305 but I always pay 400. About two months ago both my Barclay Cards gave me an auto increase of 2,980 and 3,000 to 6,050 and 6,500.  I opened a Chase Freedom about a month later and was given an instant approval for 3,000 last month.  A little over a month after the auto CLI's. I am trying to refrain from opening any new accounts for a while now. The main cards I have used have been my two Barclay cards. In fact I use them rather heavily. I am curious if that heavy use is what caused them to increase me? I keep very low utilization also. Besides the months I paid down the Kays card and surgery I put on the Care Credit card (the main reason I opened it) I never hold a balance. I pay all my cards down right before their closing date. I would like an auto increase from Chase down the road but I hear they don't give out auto increases easily. If that's the case maybe I should continue using my Barclay cards if it will lead to more increases from them. I make okay money but nothing special. If I run a lot of money through my Chase card there wont't be a lot left to run through Barclays. I spend very little with my Amex green since obviously I'll never get an increase on that card.  By the way my Ficos are Ex 681 TU 691 and EQ 693

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Every lender has their own proprietary criteria and algorithms that determines CLIs or CLDs.  It all boils down to a combination of economic conditions, lending portfolio management and growth (which includes losses/deafults), promotional marketing, your overall CR profile, DTI, your internal risk score (including behavioral scoring, usage, account age and payment history), etc.

[Anonymous]

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@FinStar wrote:

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@Anonymous wrote:

I'm curious how CC companies decide whether to give auto CLI's and for how much? I started rebuilding my credit January 2013. My first card was First Premier Bank with 300 cl. As it turns out I didn't need to start with FPB. My credit wasn't as bad as I thought since most negative items had rolled off. The next month I opened a Barclay rewards mastercard with a 750 limit. I used that card for every purchase I possibly could. Gas utilities etc. I charged it up and paid it off several times a month. Roughly 6 monthas later my limit was increased to 2,050 dollars. About the same time I opened a Kay Jewelers card and was given a 6,000 dollar limit. I used it to but my wife diamond earrings and paid it down at 300/month to a zero balance and it has stayed there since. The following December I opened an Amex green card and a Barclay NFL card which I was instantly approved for 3,500. I figured my other Barclay would match that limit and in February 2014 I asked for a 1,500 dollar CLI (automated from the web site) but was given 1,020 for a total limit of 3,070. I really thought those numbers seemed odd. The next month i opened a Care Credit account with a 5,000 dollar limit. That month I also took an auto loan on a used car. My payment is 305 but I always pay 400. About two months ago both my Barclay Cards gave me an auto increase of 2,980 and 3,000 to 6,050 and 6,500.  I opened a Chase Freedom about a month later and was given an instant approval for 3,000 last month.  A little over a month after the auto CLI's. I am trying to refrain from opening any new accounts for a while now. The main cards I have used have been my two Barclay cards. In fact I use them rather heavily. I am curious if that heavy use is what caused them to increase me? I keep very low utilization also. Besides the months I paid down the Kays card and surgery I put on the Care Credit card (the main reason I opened it) I never hold a balance. I pay all my cards down right before their closing date. I would like an auto increase from Chase down the road but I hear they don't give out auto increases easily. If that's the case maybe I should continue using my Barclay cards if it will lead to more increases from them. I make okay money but nothing special. If I run a lot of money through my Chase card there wont't be a lot left to run through Barclays. I spend very little with my Amex green since obviously I'll never get an increase on that card.  By the way my Ficos are Ex 681 TU 691 and EQ 693

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Every lender has their own proprietary criteria and algorithms that determines CLIs or CLDs.  It all boils down to a combination of economic conditions, lending portfolio management and growth (which includes losses/deafults), promotional marketing, your overall CR profile, DTI, your internal risk score (including behavioral scoring, usage, account age and payment history), etc.

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We've had our Barclays Rewards since May, letting about 10-15% roll over and haven't gotten a penny in CLI, Heh

[FinStar]

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@Anonymous wrote:

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@FinStar wrote:

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@Anonymous wrote:

I'm curious how CC companies decide whether to give auto CLI's and for how much? I started rebuilding my credit January 2013. My first card was First Premier Bank with 300 cl. As it turns out I didn't need to start with FPB. My credit wasn't as bad as I thought since most negative items had rolled off. The next month I opened a Barclay rewards mastercard with a 750 limit. I used that card for every purchase I possibly could. Gas utilities etc. I charged it up and paid it off several times a month. Roughly 6 monthas later my limit was increased to 2,050 dollars. About the same time I opened a Kay Jewelers card and was given a 6,000 dollar limit. I used it to but my wife diamond earrings and paid it down at 300/month to a zero balance and it has stayed there since. The following December I opened an Amex green card and a Barclay NFL card which I was instantly approved for 3,500. I figured my other Barclay would match that limit and in February 2014 I asked for a 1,500 dollar CLI (automated from the web site) but was given 1,020 for a total limit of 3,070. I really thought those numbers seemed odd. The next month i opened a Care Credit account with a 5,000 dollar limit. That month I also took an auto loan on a used car. My payment is 305 but I always pay 400. About two months ago both my Barclay Cards gave me an auto increase of 2,980 and 3,000 to 6,050 and 6,500.  I opened a Chase Freedom about a month later and was given an instant approval for 3,000 last month.  A little over a month after the auto CLI's. I am trying to refrain from opening any new accounts for a while now. The main cards I have used have been my two Barclay cards. In fact I use them rather heavily. I am curious if that heavy use is what caused them to increase me? I keep very low utilization also. Besides the months I paid down the Kays card and surgery I put on the Care Credit card (the main reason I opened it) I never hold a balance. I pay all my cards down right before their closing date. I would like an auto increase from Chase down the road but I hear they don't give out auto increases easily. If that's the case maybe I should continue using my Barclay cards if it will lead to more increases from them. I make okay money but nothing special. If I run a lot of money through my Chase card there wont't be a lot left to run through Barclays. I spend very little with my Amex green since obviously I'll never get an increase on that card.  By the way my Ficos are Ex 681 TU 691 and EQ 693

---

Every lender has their own proprietary criteria and algorithms that determines CLIs or CLDs.  It all boils down to a combination of economic conditions, lending portfolio management and growth (which includes losses/deafults), promotional marketing, your overall CR profile, DTI, your internal risk score (including behavioral scoring, usage, account age and payment history), etc.

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We've had our Barclays Rewards since May, letting about 10-15% roll over and haven't gotten a penny in CLI, Heh

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Provided your account is olde than 6 months, you have the option to request a CLI with Barclays, albeit it will be HP.

[EW800]

I think FinStar is spot on.  There are a ton of variables that come into play as far as auto CLI's, that vary from bank to bank, and the rules of the game likely change all the time, based on the banks financial numbers.  

I am always interested in what Barcly looks for.  My 4th statement just cut with them.  In my case, I have paid them in full every month, BEFORE the statement cuts, as I want $0 reporting on the credit reports (I only let one account show a small balance).  I have a CL of $7K with them, but only charge about $1K a month.  I have no doubt that Barclay likes the fact that there is no issue with me paying with the perfect history, however it is hard to say if at the six month point if PIF before the statement cuts and only using about 12% or so of their CL each month is something that would trigger a CLI or not.  I am guessing that because I only use a fraction of their CL now, that I would not get an auto CLI, but I will find out soon enough.  

[Anonymous]

I agree. It makes sense that different lenders are going to use different criteria. I believe Barclay is more  apt to give increases to card holders that charge a lot through their card and I assume all lenders would rather low utilization. I think that different banks put more weight on these things than others